Business, 13.03.2020 22:44, plb2007

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Trey has two dependents, his daughters, ages 14 and 17, at year-end. Trey files a joint return with his wife. What amount of child credit will Trey be able to claim for his daughters under each of the following alternative situations? Use Exhibit 8-8.

a. His AGI is $108,800.

b. His AGI is $422,000.

c. His AGI is $426,700, and his daughters are ages 10 and 12.

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Trey has two depe...